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Awesome opportunity for the new or seasoned investor to acquire this fully leased 6-unit income generating property. This property offers solid cashflow, has upward potential of 14% cap rate, and upward potential of cash on cash return of 32%. Property has a brand new back porch (2 months old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2-car garage generates additional income. Property is professionally managed. Being sold as-is. Did I mention fully leased with positive cash flow? Per Chicago RTLO, 48 hour notice required - tenants rights. If driving by, do not disturb the tenants. Showings by appointments only. (Pics of GN prior to tenant). If the bank is turning you down, ask me about Private Money financing for this property!

Property Details of 11429 South King Drive

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Listed by Cassandra Adediran of Cassea Realty

Based on information submitted to MRED  as of December 8, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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